Pursuit Attractions and Hospitality, Inc. (PRSU)

Net profit margin

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Net income (ttm)	US$ in thousands	362,525	368,544	37,463	30,119	11,769	16,017	23,600	20,450	29,328	21,196	6,415	-16,639	-78,504	-92,655	-120,584	-166,409	-330,661	-374,094	-329,049	-266,875
Revenue (ttm)	US$ in thousands	130,570	366,488	1,399,418	1,309,613	1,251,386	1,238,680	1,195,028	1,211,850	1,210,742	1,127,311	1,062,857	913,735	655,765	507,340	349,339	178,547	147,381	413,104	708,866	999,802
Net profit margin		277.65%	100.56%	2.68%	2.30%	0.94%	1.29%	1.97%	1.69%	2.42%	1.88%	0.60%	-1.82%	-11.97%	-18.26%	-34.52%	-93.20%	-224.36%	-90.56%	-46.42%	-26.69%

March 31, 2025 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $362,525K ÷ $130,570K
= 277.65%

The net profit margin of Pursuit Attractions and Hospitality, Inc. exhibits a volatile trend over the analyzed period, illustrating the company's evolving profitability landscape. Initially, during the fiscal year ending June 30, 2020, the company experienced significant losses, with a net profit margin of -26.69%. The subsequent quarter, September 30, 2020, saw an escalation in losses to -46.42%, and this trend continued into the December 31, 2020 quarter, where negative margins widened markedly to -90.56%. The first quarter of 2021 recorded an even more severe deficit, with net profit margin plunging to -224.36%, indicating substantial losses relative to revenues.

From March 31, 2021, the company's losses persisted but began to narrow over time. By June 30, 2021, the margin remained negative at -93.20%, but then experienced a notable improvement, reaching -34.52% on September 30, 2021, and further narrowing to -18.26% by December 31, 2021. The trend continued toward profitability in 2022, with the March 31, 2022 ratio improving to -11.97%, and further reducing to -1.82% by June 30, 2022. An actual positive margin was achieved in the September 30, 2022 quarter, reaching 0.60%, and persisted with a slight increase, reaching 1.88% at year-end 2022.

Throughout 2023, the company maintained profitability, with the net profit margin reaching 2.42% in March, then slightly declining to 1.69% in June, and a modest increase to 1.97% in September. By the end of 2023, the margin decreased to 1.29%, indicating a relatively stable, albeit modest, profit margin in recent periods.

However, projections for the first half of 2024 suggest a return to positive results, with margins of 0.94% in March and increasing to 2.30% in June. The third quarter of 2024 saw further improvement to 2.68%, and the data indicates a substantial positive shift, culminating in a remarkable 100.56% net profit margin in December 2024. This extraordinary figure suggests either a significant one-time gain or extraordinary item influencing net income. The trend continues with an even higher margin of 277.65% recorded in March 2025, likely reflecting exceptional circumstances affecting profitability.

Overall, the company's net profit margin reveals a trajectory from substantial losses in early periods to sustained, although variable, profitability in recent periods, punctuated by extraordinary gains in late 2024 and early 2025. This pattern indicates a possible turnaround in business performance, significant operational improvements, or unique accounting adjustments impacting reported net income in recent quarters.